Operating Segments and Geographic Information (Tables)

3 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Information on Reportable Segments

Comparative prior period segment information has been recast to conform to the new segment structure.

	Three Months Ended
	September 30, 2023		October 1, 2022
Net revenue:
Cloud & Networking	$	229.7	$	360.1
Industrial Tech	87.9		146.7
Net revenue	$	317.6	$	506.8
Segment profit:
Cloud & Networking	$	23.9	$	101.7
Industrial Tech	15.3		68.8
Total segment profit	39.2		170.5
Unallocated corporate items:
Selling, general and administrative (1)	(28.6)		(33.1)
Stock-based compensation	(32.1)		(34.7)
Stock-based compensation - acquisition related	—		(11.9)
Amortization of acquired intangibles	(29.0)		(32.2)
Amortization of acquired inventory fair value adjustments	—		(4.6)
Acquisition related costs	(4.0)		(16.2)
Integration related costs	(11.3)		(0.6)
Restructuring and related charges	(11.0)		(9.3)
Other charges, net (2)	(4.0)		(14.4)
Interest expense	(9.7)		(8.5)
Other income, net (3)	21.2		13.8
Consolidated income (loss) before income taxes	$	(69.3)	$	18.8

(1) We do not allocate selling, general and administrative expenses that are not directly attributable to our operating segments.

(2) Other charges, net for the three months ended September 30, 2023 primarily relate to $2.9 million of incremental costs of sales related to components previously acquired from various brokers to satisfy customer demand. Other charges, net for the three months ended October 1, 2022 primarily relate to $7.3 million of charges to acquire components from various brokers to satisfy customer demand, $3.3 million of legal and professional fees, and $1.2 million of costs related to newly implemented employee benefit program.

(3) Other income, net for the three months ended September 30, 2023 includes $21.7 million of interest and investment income, offset by $0.5 million of net foreign exchange losses. Other income, net the three months ended October 1, 2022 includes $9.0 million of net foreign exchange gains and $4.8 million of interest and investment income.

Schedule of Revenue by Geographic Region

The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that generally represented 10% or more of our total net revenue (in millions, except percentage data):

	Three Months Ended
	September 30, 2023				October 1, 2022
	Amount		% of Total		Amount		% of Total
Net revenue:
Americas:
United States	$	41.1	12.9	%	$	62.2	12.3	%
Mexico	23.7		7.5		57.5		11.3
Other Americas	1.2		0.4		2.3		0.5
Total Americas	$	66.0	20.8	%	$	122.0	24.1	%
Asia-Pacific:
Hong Kong	$	64.9	20.4	%	$	77.6	15.3	%
South Korea	25.0		7.9		67.7		13.4
Thailand	64.2		20.2		57.5		11.3
Other Asia-Pacific	64.9		20.4		133.7		26.4
Total Asia-Pacific	$	219.0	68.9	%	$	336.5	66.4	%
EMEA	$	32.6	10.3	%	$	48.3	9.5	%
Total net revenue	$	317.6	100.0	%	$	506.8	100.0	%

Schedule of Long-Lived Assets by Geographic Region

Long-lived assets, namely property, plant and equipment, net, were identified based on the physical location of the assets in the corresponding geographic areas as of the periods indicated (in millions):

	September 30, 2023		July 1, 2023
Property, plant and equipment, net
United States	$	137.3	$	134.7
Thailand	131.7		132.0
Japan	87.3		93.0
United Kingdom	66.3		38.2
China	38.5		42.1
Other countries	50.5		49.5
Total property, plant and equipment, net	$	511.6	$	489.5